President-elect Donald Trump announced on Monday that he would impose tariffs on the U.S.’s three largest trading partners—Canada, Mexico, and China—fulfilling campaign promises that could lead to trade wars.

Honda Motor: 80% of its production in Mexico goes to the U.S. market. If permanent tariffs are imposed, Honda may consider shifting production.

Nissan Motor: Nissan Motor operates two plants in Mexico, producing models like Sentra, Versa, and Kicks. Nearly 505,000 vehicles were produced in Mexico in 2023, though export numbers to the U.S. are undisclosed.

Toyota Motor: Toyota makes the Tacoma pick-up truck at two plants in Mexico, now producing only the Tacoma for U.S. exports. Around 230,000 Tacomas were sold in the U.S. in 2023.

Mazda: Exported around 120,000 vehicles from Mexico to the U.S. in 2023. Mazda is reviewing the impact of potential tariffs.

Kia Corp: Kia Corp has a factory in Mexico that makes vehicles, including some Santa Fe SUVs for Hyundai, primarily for U.S. exports.

Tesla Suppliers: Encouraged Chinese suppliers to set up plants in Mexico for its U.S. Gigafactory. However, Tesla has shifted focus to expanding its Texas plant instead of starting production in Mexico in 2025.

Chinese Car Component Makers: Companies like Yanfeng Automotive Interiors have been produced in Mexico for years, supplying parts to automakers such as General Motors and Toyota.

BYD: China’s top EV maker has been exploring locations in Mexico for a plant, but it plans to serve only the domestic market, not produce cars for the U.S.

JAC Motors: Since 2017, JAC Motors has had a joint venture with Giant Motors in Mexico to assemble vehicles.

SAIC-owned MG: Announced plans to build a plant in Mexico in August.

Foxconn: The world’s largest electronics manufacturer is building a large AI server factory in Mexico with Nvidia, starting production in early 2024.

Lenovo: Lenovo has a major production site in Monterrey, which expanded in 2021, making servers and data centre products for the North American market.

LG Electronics: Produces TVs, home appliances, and EV parts in Mexico and is reviewing the impact of potential changes in trade policies.

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